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we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars over the next decade. we made substantial progress. two and-a-half million. we didn't reach a plan then because speaker boehner decided to go to plan b. if we couldn't get to the bargain then i don't know if it's any easier now. it's hard for me to say what has changed from their calculations. but the president is going to try whatever will work and try to be helpful with this process. >> ros
we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that...
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how a group of business owners decided to tax themselves to keep san jose beautiful. the story is tonight's bay area proud. [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ >>> here is something you don't hear every day. several san jose property owners chose to tax themselves, and they have been doing it for years. their goal is simple, make san jose look much better. if they don't, no one will. in this age of budget cuts. garvin thomas has tonight's bay area proud. the series that focuses on what is working in our community. >> reporter: success in a big city like san jose is often measured by what you have more of. this success story, though, is about what the city boasts less of these days. less trash in the streets. less gum on the sidewalks, less graffiti on the wall. >> my streets are beautiful.
how a group of business owners decided to tax themselves to keep san jose beautiful. the story is tonight's bay area proud. [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ >>> here is something you don't hear every...
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instead of taxing at 6.75%, the will tax at 3%. >> shepard: this is a bank holiday in cyprus. they were going to open tomorrow. then they decided to wait until wednesday or thursday. now looks like friday. and along the way, there was a plan to tax large amounts of money at something close to 10%, and then every day folks at something less. that's the part you said they've taken down. >> that's the part they're concerned with. they know they're making the people who live there angry. if you woke up tomorrow and saw your account -- your mother's account was being impacted like this, you would be desperately unhappy. i can't imagine what kind of reaction we would get here in the u.s. >> the concern is that cyprus does this, you have problem in italy and spain. and then there's a run on their banks. >> you don't know the impact here. it's the rule of law. you're not supposed to take things that aren't you're, especially if you're the government. that's why you saw the market solidly negative. i don't know how there's control over this. we'll be watching but deeply concerning to p
instead of taxing at 6.75%, the will tax at 3%. >> shepard: this is a bank holiday in cyprus. they were going to open tomorrow. then they decided to wait until wednesday or thursday. now looks like friday. and along the way, there was a plan to tax large amounts of money at something close to 10%, and then every day folks at something less. that's the part you said they've taken down. >> that's the part they're concerned with. they know they're making the people who live there...
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under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, which is a -- >> no, no, no. no, michael, it's not -- in cyprus case it's not an either or all, it's going to be a both. not only are they going to face this tax to help make up a shortfall, they're also going to have spending cuts and the government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as
under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than...
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comes as both the senate and house unveil two budget proposals, both very different on things like tax hikes and entitlement spending and neither likely to get enough support to make it to the president's desk in its current form. house speaker john boehner says he's at work toward balancing the budget going forward, but that's that washington's spending problems have to be addressed. >> when you get down to the bottom line, the president believes that we have to have more taxes from the american people and we're not going to get very far. if the president doesn't believe that the goal ought to be the balance of the budget over the next ten years, i'm not sure we'll get very far. >> peter doocy with the news in washington for us tonight. do lawmakers sound hopeful that the government shoulddown can be avoided? >> harris, none of the lawmakers we heard from today actually threatened to shut down the government at the end of the march and the focus seems to have shifted past the upcoming deadline to extend that short-term budget resolution and on to a more grand bargain, but speaker boeh
comes as both the senate and house unveil two budget proposals, both very different on things like tax hikes and entitlement spending and neither likely to get enough support to make it to the president's desk in its current form. house speaker john boehner says he's at work toward balancing the budget going forward, but that's that washington's spending problems have to be addressed. >> when you get down to the bottom line, the president believes that we have to have more taxes from the...
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on him to pay the difference in the city's fundraising short coming so it doesn't have to tap into tax income to pay for the event. >>> as we speak, preparations underway at the vatican ahead of tomorrow ace installation for the newly elected pope. pope francis. we take a look at the vatican. tomorrow, hundreds of thousands of people will be joining that celebration right there at st. peter's square. this is a traditional catholic sacrament for a pope who is showing he is not afraid to break from tradition, correct? >> reporter: you are absolutely right, jon. in the first few days of his papacy, pope francis has really broken from the traditions of his predecessor. he has been very casual in his conversations, greeting people, very much a pope of the people if you will. a lot of people saying that he is really a humanized the papacy. hundreds of thousands as you talked about expected to be a part of the mass tomorrow. among them, dignitaries from around the world. that group landed in italy. today, the vice president meeting with italian leaders, getting a chance to talk with them befo
on him to pay the difference in the city's fundraising short coming so it doesn't have to tap into tax income to pay for the event. >>> as we speak, preparations underway at the vatican ahead of tomorrow ace installation for the newly elected pope. pope francis. we take a look at the vatican. tomorrow, hundreds of thousands of people will be joining that celebration right there at st. peter's square. this is a traditional catholic sacrament for a pope who is showing he is not afraid to...
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him to pay the difference between the city's shortcomings so it doesn't have to tap into the city's tax income. >>> there may be another billionaire eyeing michael bloomberg's mayoral seat. twitter co-founder, jack dorsey, says he wants to be mayor of new york city one day. dorsey telling 60 minutes he is very serious about moving to the big apple one day and running for mayor. he is known for his mobile payment start-up, square. he is ranked number 392 on the forbes 400 wealthiest american's list. that is pretty high praise. bloomberg, the current mayor is listed as number 10. >> pretty interesting interview. it is 5:15. when it comes to irish whiskey, not just st. patrick's day is good luck tore the whiskey maker. we turn to seema mody. >>> good morning, laura. futures are lower after the eu announced a bailout for cypress. the dow snapping its ten-day winning streak on friday. it looks like we will fall lower on european worries particularly on cypress. we get new information on the national home beuilders association. the dow falling and the nasdaq down 10 points. >>> st. patrick's
him to pay the difference between the city's shortcomings so it doesn't have to tap into the city's tax income. >>> there may be another billionaire eyeing michael bloomberg's mayoral seat. twitter co-founder, jack dorsey, says he wants to be mayor of new york city one day. dorsey telling 60 minutes he is very serious about moving to the big apple one day and running for mayor. he is known for his mobile payment start-up, square. he is ranked number 392 on the forbes 400 wealthiest...
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that's a 6% tax. actually 6.7% tax. so people obviously getting nervous about this tax over the week weekend, they rushed to withdraw their money. but keep in mind lawmakers are still working on this proposal trying to come up with something a little more equitable. some proposals are being floated that is. so a vote on this has been postponed until tomorrow. but you're seeing the markets react because this could really be a game changer in this eurozone debt drama that we used to talk about so much and now brought to the forefront because it show as bank doesn't have to fail to reach in and grab your money. so it has also big implications for future bailouts, as well. what if this idea does catch on in cyprus, what happens to other countries in europe. so you're seeing the ripple effect from europe all the way here to the u.s. at least in the stock market. we are seeing shares of banks here in the u.s. like bank of america, jpmorgan chase, down 1% to 2%. that's what's dragging down the dow. down 73 points. >> i'm sure
that's a 6% tax. actually 6.7% tax. so people obviously getting nervous about this tax over the week weekend, they rushed to withdraw their money. but keep in mind lawmakers are still working on this proposal trying to come up with something a little more equitable. some proposals are being floated that is. so a vote on this has been postponed until tomorrow. but you're seeing the markets react because this could really be a game changer in this eurozone debt drama that we used to talk about so...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> steve: here is something you need to know. the centers for disease control in atlanta issuing a dire warning about a deadly new super bug. we might not be able to fight it because of the sequester. >> brian: there is just one problem. it's not true. not exactly true. wait until you hear this story. >> steve: former new york lieutenant governor betsy mccoy founder of the committee to reduce infection deaths joins us live. good morning to you. >> good morning. >> steve: okay. so it's called cre and how deadly is it? >> 50% of patients who contract this in a hospital or nursing home die from it. it's very deadly. and about five times as deadly as the household word mrsa, which everyone
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> steve: here is something you need to know. the centers for disease control in atlanta issuing a dire warning about a deadly new super bug. we might not be...
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-- paying the most income tax. they are based here. number 4, wells fargo bank, which paid $9.1 billion in income tax last year. apple ranked number three. they paid more than $14 billion. chevron of san ramon paid $20 million in income tax last year. exxonmobil of texas topped the list. they paid $31 billion. >>> 8:19. the chp is investigating whether dangerous driving may have led to last night's fiery crash in walnut creek that killed a motorist. it happened on interstate 680 just south of rudgear road around 6:00. the chp says the crash involved four cars, one of them burst into flames. witnesses say the motorcycle and another vehicle appeared to be driving recklessly before the collision. >>> services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old hosefa acevad and her 23 and 15-year-old sons. funeral services are scheduled for tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-ol
-- paying the most income tax. they are based here. number 4, wells fargo bank, which paid $9.1 billion in income tax last year. apple ranked number three. they paid more than $14 billion. chevron of san ramon paid $20 million in income tax last year. exxonmobil of texas topped the list. they paid $31 billion. >>> 8:19. the chp is investigating whether dangerous driving may have led to last night's fiery crash in walnut creek that killed a motorist. it happened on interstate 680 just...
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-- paying the most income tax. they are based here. number 4, wells fargo bank, which paid $9.1 billion in income tax last year. apple ranked number three. they paid more than $14 billion. chevron of san ramon paid $20 million in income tax last year. exxonmobil of texas topped the list. they paid $31 billion. >>> 8:19. the chp is investigating whether dangerous driving may have led to last night's fiery crash in walnut creek that killed a motorist. it happened on interstate 680 just south of rudgear road around 6:00. the chp says the crash involved four cars, one of them burst into flames. witnesses say the motorcycle and another vehicle appeared to be driving recklessly before the collision. >>> services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old hosefa acevad and her 23 and 15-year-old sons. funeral services are scheduled for tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-ol
-- paying the most income tax. they are based here. number 4, wells fargo bank, which paid $9.1 billion in income tax last year. apple ranked number three. they paid more than $14 billion. chevron of san ramon paid $20 million in income tax last year. exxonmobil of texas topped the list. they paid $31 billion. >>> 8:19. the chp is investigating whether dangerous driving may have led to last night's fiery crash in walnut creek that killed a motorist. it happened on interstate 680 just...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. squa championship game rapped up. winning the acc for the first time this school history, but still wasn't enough to earn them a one seed in the big dance. miami is a two seed in the east region. louisville number one overall. the other one seeds are kansas, indiana and gonzaga. last year's number one overall seed, kentucky, they failed to make the tournament this year. st. louis wrapped up the atlantic 10 title yesterday taking care of bcu. after the game they tried to get right to the airport so they could watch the selection show, but they got stuck in traffic in new jersey, so the entire team stopped off at a local best buy and set up their own watch party. shoppers joined them as
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. squa championship game rapped up. winning the acc for the first time this school history, but still wasn't enough to earn them a one seed in the big dance. miami is a...
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. >> psychologically it was taxing, tiring. >> every friday, she leaves her two kids and 9 to 5 job to hop on a plane, run a marathon and make it back to work monday. along the way, raising $200,000 for pancreatic research. >> we had never had anybody do what julie weiss has done. >> one year, 1300 miles later, her journey is complete. >> pancreatic cancer is my only competitor out there, i intend to beat it. >> julie is not done yet. she's going to keep raising money, wants to run another 52 by 2020. >> natalie, thank you. >>> still ahead, maria shriver at the vatican with the story behind the pope's choice of name. >>> and eye opening documentary about the queen. first, this is "today" on nbc. >>> coming up, nicolas cage live in our studio for the first time in seven years. >>> i'm down here in the control room with the one and only david copperfield. if he's here. can only mean one thing. it's "magic monday." we're back after these messages and your local news. minute maid pure squeezed light has half the... sugar and calories of oj with great taste. i mean, who doesn't want to cut
. >> psychologically it was taxing, tiring. >> every friday, she leaves her two kids and 9 to 5 job to hop on a plane, run a marathon and make it back to work monday. along the way, raising $200,000 for pancreatic research. >> we had never had anybody do what julie weiss has done. >> one year, 1300 miles later, her journey is complete. >> pancreatic cancer is my only competitor out there, i intend to beat it. >> julie is not done yet. she's going to keep...